Thursday, 30 November 2006 11:53
News Index January 2006
A round-up of latest events, company statements, industry reports and people in the news
Published in
Jan 06
Wednesday, 29 November 2006 17:27
LNG will help bolster energy security of the US
Leading members of the Society of Petroleum Engineers believe the US government’s estimates of natural gas usage are far too conservative.
This paper was prepared for presentation at the 2006 Society of Petroleum Engineers Annual Technical Conference held in San Antonio, Texas, U.S.A., from September 24–27, 2006.
Natural gas prices in the US and elsewhere are expected to be kept at reasonable levels for decades to come, thanks to the development of alternative supplies such as liquefied natural gas.
However, regulatory policies, concerned environmental groups, and industrial inaction are expected to create choke points in the supply chain.
This paper was prepared for presentation at the 2006 Society of Petroleum Engineers Annual Technical Conference held in San Antonio, Texas, U.S.A., from September 24–27, 2006.
Natural gas prices in the US and elsewhere are expected to be kept at reasonable levels for decades to come, thanks to the development of alternative supplies such as liquefied natural gas.
However, regulatory policies, concerned environmental groups, and industrial inaction are expected to create choke points in the supply chain.
Published in
Oct 2006
Tuesday, 07 November 2006 11:36
Shtokman LNG project may cost $40Bln
Gazprom’s biggest ever project is on the global scale as an investment, but also on the global scale in terms of risk
The Russian company will be disappointed with what Chevron, Total, ConocoPhillps, Statoil and Hydro have put on the table
John McKay, London
Russian natural gas monopoly Gazprom, whose announcement of partners for the Shtokman LNG project has repeatedly been delayed, is continuing to create doubts in the minds of investors about its determination to push the project forward and about the likely final costs.
The cost of the venture was initially put at $10 billion. Gazprom’s latest estimate is around $14Bln, but that is just for Phase I. Analysts now say that the whole project could cost between $35Bln and $40Bln, while the planned start-up of 2010 has already slipped to 2012.
The Russian company will be disappointed with what Chevron, Total, ConocoPhillps, Statoil and Hydro have put on the table
John McKay, London
Russian natural gas monopoly Gazprom, whose announcement of partners for the Shtokman LNG project has repeatedly been delayed, is continuing to create doubts in the minds of investors about its determination to push the project forward and about the likely final costs.
The cost of the venture was initially put at $10 billion. Gazprom’s latest estimate is around $14Bln, but that is just for Phase I. Analysts now say that the whole project could cost between $35Bln and $40Bln, while the planned start-up of 2010 has already slipped to 2012.
Published in
June 2006
